Shiyue Daotian Group Co (HKSE:09676) ROCE % : -1.63% (As of Dec. 2023)

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What is Shiyue Daotian Group Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Shiyue Daotian Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.63%.

Shiyue Daotian Group Co ROCE % Historical Data

The historical data trend for Shiyue Daotian Group Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shiyue Daotian Group Co ROCE % Chart

Shiyue Daotian Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

5.84

-11.16

-23.82

-1.63

Shiyue Daotian Group Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
ROCE %	5.84	-11.16	-23.82	-1.63

Shiyue Daotian Group Co ROCE % Calculation

Shiyue Daotian Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-51.91	/	( ( (3419.997 - 831.792)	+	(5178.836 - 1406.022) )	/ 2 )
	=	-51.91	/	( (2588.205	+	3772.814)	/ 2 )
	=	-51.91	/	3180.5095
	=	-1.63 %

Shiyue Daotian Group Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-51.91	/	( ( (3419.997 - 831.792)	+	(5178.836 - 1406.022) )	/ 2 )
	=	-51.91	/	( ( 2588.205	+	3772.814 )	/ 2 )
	=	-51.91	/	3180.5095
	=	-1.63 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Shiyue Daotian Group Co (HKSE:09676) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Shiyue Daotian Group Co ROCE % Related Terms

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Shiyue Daotian Group Co (HKSE:09676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shiyue Daotian Group Co Ltd (HKSE:09676) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2nd Floor, Building A, Yisha Wenxin Plaza, Chaoyang, Beijing, CHN

Website

https://www.shiyuedaotian.com

Shiyue Daotian Group Co Ltd is one of China's leading and rapidly growing pantry staple food companies, enjoying a robust multichannel brand presence. It has been dedicated to providing its consumers with pre-packaged premium rice, whole grain, bean, and dried food products.

Shiyue Daotian Group Co (HKSE:09676) Headlines

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